Funding will speed up Expressable’s market management and rising partnerships with main well being plan and supplier teams
AUSTIN, Texas, Might 21, 2024 /PRNewswire/ — Expressable, the market chief in research-based, family-centered speech remedy care, introduced at this time it raised $26 million in Sequence B funding led by international funding agency HarbourVest Companions, with participation from Digitalis Ventures and current traders F-Prime Capital and Lerer Hippeau.
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The financing will assist efforts to boost the corporate’s technology-enabled care supply platform, broaden their scientific community of W2-employed speech-language pathologists, and speed up a rising roster of well being plan and supplier partnerships throughout the nation.
“Speech remedy has transformational impacts on a toddler’s life, but too many youngsters at this time are left severely underserved risking delayed outcomes and cost-intensive care,” mentioned President and Chief Medical Officer Leanne Sherred, M.S. CCC-SLP. “We’re grateful to HarbourVest and all of our traders for sharing in our mission of reinventing the present customary of care, a crucial endeavor given speech remedy’s great affect on wholesome childhood improvement.”
Many years of analysis assist family-centered care because the gold customary in bettering pediatric speech outcomes, but thousands and thousands of youngsters in the USA stay untreated or undertreated. Youngsters with speech and language impairment undergo elevated threat of studying disabilities, behavioral issues, poor educational achievement, and impacts on socio-emotional well being.
Expressable integrates digital companies with its complete training and know-how platform, empowering caregivers to include remedy methods into the house for sooner constructive outcomes and cheaper care.
“We’re thrilled to accomplice with Expressable as they proceed to scale their category-defining speech remedy answer for this rising market want,” mentioned Michael Guiness, Principal at HarbourVest. “Producing higher outcomes by their novel care mannequin is a win-win for sufferers, payers, and suppliers that aligns incentives and addresses disparities in entry.”
Since 2020, Expressable has been main the way in which in growing a greater care mannequin that improves the affected person expertise, with over 90% of sufferers attaining scientific progress in direction of their established care plans and 1000’s of 5-star critiques.
Expressable has partnered with a whole lot of well being plans nationwide, together with Medicaid, to make high-quality remedy extra accessible to everybody in want. Their remedy platform is now obtainable in all 50 states to thousands and thousands of households and people with well timed, in-network protection.
To be taught extra about Expressable and its choices go to www.expressable.com.
About Expressable
Expressable is a digital speech remedy supplier dedicated to increasing entry to high quality companies for everybody in want. Expressable has pioneered a family-centered and research-based care mannequin that makes use of know-how and training to combine speech remedy methods into youngsters’s each day lives, bettering outcomes and experiences. For extra info, please go to www.expressable.com.
About HarbourVest
HarbourVest is an impartial, international personal markets agency with over 40 years of expertise and greater than $125 billion of property below administration as of December 31, 2023. Our interwoven platform offers shoppers entry to international main funds, secondary transactions, direct co-investments, actual property and infrastructure, and personal credit score. Our strengths lengthen throughout methods, enabled by our workforce of greater than 1,150 workers, together with greater than 230 funding professionals throughout Asia, Europe, and the Americas. Throughout our personal markets platform, our workforce has dedicated greater than $59 billion to newly-formed funds, accomplished over $53 billion in secondary purchases, and invested over $39 billion in direct working firms. We accomplice strategically and plan our choices innovatively to supply our shoppers with entry, perception, and international alternatives.
About Digitalis
Digitalis Ventures backs founders fixing crucial issues in well being. The agency invests in early-stage firms throughout life sciences, well being know-how & companies, and animal well being with the objective of supporting them by a number of rounds of financing. Digitalis is headquartered in New York Metropolis.
Media Contacts
For Expressable
Spencer Magloff
[email protected]
SOURCE Expressable
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